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Additional emissions abatement actions modelled in Canada’s Fifth Biennial Report show the country still falling short of meeting its enhanced Paris Agreement Nationally Determined Contribution (NDC) of a 40–45% GHG reduction below 2005 levels by 2030, Environment and Climate Change Canada (ECCC) figures showed Tuesday.

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Brazilian President Luiz Inacio Lula da Silva reopened the country’s Amazon Fund at his inauguration on Sunday, prompting a release of forest protection funds from Norway and Germany while Britain suggested it could join.

From Spain to Latvia, national and regional records for January are broken across the continent.

A Dutch carbon project developer that has quickly expanded to seven nature-based projects forecasts that credit prices will inflate by up to 15% a year until 2035.

Australians buy so much stuff that they have run out of space in their homes for it all, so storage businesses are booming. Louise Grimmer, Senior Lecturer in Retail Marketing, University of Tasmania Gary Mortimer, Professor of Marketing and Consumer Behaviour, Queensland University of Technology Martin Grimmer, Deputy Vice-Chancellor (Academic) and Professor of Marketing, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.

A tech company has launched an exchange for trading UK woodland and peatland carbon credits in expectation of a leap in demand for the British units.

Standardised carbon credit prices rose over the holiday period as corporates rushing to fulfil end of year compliance obligations caused a jump in retirements, but the rally still failed to move the demand needle significantly from 2021 levels as the market nurses the headache of an increasing credit overhang.

Norwegian company Blastr Green Steel is planning to build a new €4 billion steel plant in Finland sourcing green hydrogen, the company announced on Tuesday in a move defying fears that heavy industry could opt to invest outside the EU amid high energy and carbon costs.

Turkey's ministry of energy has announced a national energy plan through 2035 as part of a 2053 net-zero target, focusing on ambitious solar expansion targets to meet expected strong energy demand growth, nuclear growth, as well as a 4 GW buildout of coal plants.

Brazil’s new president is determined to reverse Bolsonaro’s scorched-earth approach to the environment

This week, as Brazilian president Luiz Inácio Lula da Silva was preparing to be sworn in for an unprecedented third term, a key concern was whether the weather would allow him to wave to assembled supporters in Brasília from an open-top convertible, as is customary. It certainly marked a departure from the more serious concerns that had haunted the transfer of power between him and his predecessor, Jair Bolsonaro, in previous weeks.

Thousands of Bolsonaro followers, after all, had refused to accept the outcome of last year’s elections. Many camped outside military barracks urging the armed forces to intervene, committing serious acts of vandalism in the nation’s capital. Thankfully, their pleas came to nothing – Bolsonaro unceremoniously left for Florida on the last day of the year – and Lula is officially back.

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Low liquidity, bearish fundamentals, and the periodic break from spot auctions saw a volatile and bearish end to 2022 and start to 2023, with the EUA market extending last week's weakness on Tuesday as the benchmark Dec-23 contract traded down more than 4% at midday.

US climate envoy says there needs to be work on details of ‘loss and damage’ fund in 2023

People in developing countries are feeling increasingly angry and “victimised” by the climate crisis, the US climate envoy John Kerry has warned, and rich countries must respond urgently.

“I’ve been chronicling the increased frustration and anger of island states and vulnerable countries and small African nations and others around the world that feel victimised by the fact that they are a minuscule component of emissions,” he said. “And yet [they are] paying a very high price. Seventeen of the 20 most affected countries in the world, by the climate crisis, are in Africa, and yet 48 sub-Saharan countries total 0.55% of all emissions.”

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One study grimly noted that human noise may even be scrambling the eggs of baby fish

Noise pollution is one of the gravest yet least recognized health threats of our time. Even moderate levels of noise – the kind that surrounds us in any urban environment – increase risks of cardiovascular disease, cognitive impairment, developmental delays and dementia. Now, scientists are revealing that non-humans, too, suffer from noise pollution – and that they are far more sensitive than humans.

Perhaps nowhere is this more urgent than in the global oceans. Marine animals see and sense the world through sound, which travels faster and farther underwater than light. Whales – which use sound to find prey and navigate, communicate and mate – are one well-known example. But scientists are now revealing that a vast range of marine creatures are exquisitely sensitive to sound. The range of negative effects caused by marine noise pollution is staggering: delayed development, hampered reproduction, stunted growth, distorted migration paths.

Karen Bakker is the director of the University of British Columbia’s Program on Water Governance and the author of The Sounds of Life: How Digital Technology is Bringing Us Closer to the Worlds of Animals and Plants

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One of China's major forestry groups has agreed to cooperate with a Hong Kong-listed investment bank to develop forest carbon sink projects, as part of its plan to further tap into the emissions market.

Shanghai sold only around half of the 3 million CO2 allowances on offer at its latest auction, which was held for emitters still needing to acquire units for 2021 compliance, with the sale clearing at the floor price.

Scope 1 emissions from existing coal and gas facilities alone could exceed their entire emissions budget in Australia’s Safeguard Mechanism by 2030, according to a research report.

Shanghai sold only around half of the 3 million allowances on offer at Friday’s auction, which was held for emitters still needing to acquire units for 2021 compliance, with the sale clearing at the floor price.

There seems to be little accord about what saving the reef means and how that is to be achieved

As part of the coverage of Labor’s first budget, the ABC provided analysis of the nation’s winners and losers. In it, the Great Barrier Reef was listed as “neutral”. The reef received no additional funding beyond the commitments Labor had made during the election campaign.

It is striking that an ecosystem – a more-than-human place – could be listed alongside major economic and social concerns such as families, the Pacific, NBN and the ABC itself. It is a testament to the importance of the reef to our national identity, but also how dire things have become for that environment in the last four decades.

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AirCarbon Exchange (ACX) has successfully closed its latest funding round, with Singapore-based decarbonisation investor TRIREC leading the capital injection.